Roth Mkm Reiterates “Buy” Rating for Dorman Products (NASDAQ:DORM)

Dorman Products (NASDAQ:DORM)‘s stock had its “buy” rating restated by stock analysts at Roth Mkm in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $153.00 price objective on the auto parts company’s stock, up from their previous price objective of $126.00. Roth Mkm’s target price would indicate a potential upside of 11.09% from the stock’s previous close.

Separately, CJS Securities started coverage on shares of Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price for the company. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $125.67.

Dorman Products Trading Up 3.0 %

Shares of DORM stock opened at $137.72 on Monday. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 23.03 and a beta of 0.83. Dorman Products has a twelve month low of $66.07 and a twelve month high of $138.15. The company’s 50-day moving average price is $114.51 and its 200-day moving average price is $102.17. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities analysts predict that Dorman Products will post 6.9 earnings per share for the current year.

Insider Activity

In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the sale, the director now owns 936,024 shares in the company, valued at approximately $108,316,697.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the transaction, the senior vice president now owns 22,271 shares of the company’s stock, valued at $2,538,448.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven L. Berman sold 27,632 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the transaction, the director now directly owns 936,024 shares in the company, valued at $108,316,697.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,297 shares of company stock worth $6,316,471 over the last ninety days. 10.00% of the stock is currently owned by insiders.

Institutional Trading of Dorman Products

Several hedge funds and other institutional investors have recently bought and sold shares of DORM. Oppenheimer Asset Management Inc. lifted its stake in shares of Dorman Products by 41.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after purchasing an additional 3,993 shares during the period. Apollon Wealth Management LLC purchased a new position in Dorman Products during the third quarter worth about $427,000. WCM Investment Management LLC lifted its position in Dorman Products by 2.3% during the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock worth $34,372,000 after buying an additional 6,754 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Dorman Products in the 3rd quarter worth about $236,000. Finally, Covestor Ltd grew its holdings in Dorman Products by 781.4% in the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after buying an additional 336 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.